Freddie Mac Slashes Dividend 80% - Congoo

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Freddie Mac slashes dividend 80%

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Milwaukee Journal Sentinel | August 07, 2008

Freddie Mac, the U.S. mortgage-finance company hobbled by record foreclosures, slashed its dividend at least 80% after posting a quarterly loss that was three times wider than analysts estimates. Photo/AP Shares of Freddie Mac dropped 19% Wednesday, and the larger Fannie Mae declined 15% on mounting...

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